Thang Long Extends Contract for Scorpion's Offshore Resolute

The jackup Offshore Resolute's contract with Thang Long Joint Operating Company for operations offshore Vietnam was extended by 161 days for a firm contract period of one year. All other terms and conditions including the dayrate remain unchanged. The Offshore Resolute is currently being mobilized from Brownsville, Texas to its first location offshore Vietnam and is expected to arrive on July 22, 2008. Operations are expected to begin in early August.

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